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Nozaki Insatsu Shigyo Co (TSE:7919) ROIC % : 0.00% (As of Sep. 2024)


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What is Nozaki Insatsu Shigyo Co ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Nozaki Insatsu Shigyo Co's annualized return on invested capital (ROIC %) for the quarter that ended in Sep. 2024 was 0.00%.

As of today (2025-04-04), Nozaki Insatsu Shigyo Co's WACC % is 1.97%. Nozaki Insatsu Shigyo Co's ROIC % is 5.71% (calculated using TTM income statement data). Nozaki Insatsu Shigyo Co generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.


Nozaki Insatsu Shigyo Co ROIC % Historical Data

The historical data trend for Nozaki Insatsu Shigyo Co's ROIC % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nozaki Insatsu Shigyo Co ROIC % Chart

Nozaki Insatsu Shigyo Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.49 0.55 0.31 2.45 5.59

Nozaki Insatsu Shigyo Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.08 0.93 11.01 4.96 -

Competitive Comparison of Nozaki Insatsu Shigyo Co's ROIC %

For the Specialty Business Services subindustry, Nozaki Insatsu Shigyo Co's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nozaki Insatsu Shigyo Co's ROIC % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Nozaki Insatsu Shigyo Co's ROIC % distribution charts can be found below:

* The bar in red indicates where Nozaki Insatsu Shigyo Co's ROIC % falls into.


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Nozaki Insatsu Shigyo Co ROIC % Calculation

Nozaki Insatsu Shigyo Co's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Mar. 2024 is calculated as:

ROIC % (A: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Mar. 2023 ) + Invested Capital (A: Mar. 2024 ))/ count )
=621.015 * ( 1 - 11.76% )/( (9903.562 + 9707.903)/ 2 )
=547.983636/9805.7325
=5.59 %

where

Invested Capital(A: Mar. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=10299.238 - 1024.328 - ( 1245.865 - max(0, 5564.469 - 4935.817+1245.865))
=9903.562

Invested Capital(A: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=10752.106 - 1056.876 - ( 1634.641 - max(0, 5317.991 - 5305.318+1634.641))
=9707.903

Nozaki Insatsu Shigyo Co's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Sep. 2024 is calculated as:

ROIC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=0 * ( 1 - 0% )/( (9707.903 + 9364.181)/ 2 )
=0/9536.042
=0.00 %

where

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=10752.106 - 1056.876 - ( 1634.641 - max(0, 5317.991 - 5305.318+1634.641))
=9707.903

Invested Capital(Q: Sep. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=10760.928 - 1115.332 - ( 1565.019 - max(0, 4824.809 - 5106.224+1565.019))
=9364.181

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Nozaki Insatsu Shigyo Co  (TSE:7919) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Nozaki Insatsu Shigyo Co's WACC % is 1.97%. Nozaki Insatsu Shigyo Co's ROIC % is 5.71% (calculated using TTM income statement data). Nozaki Insatsu Shigyo Co generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases. Nozaki Insatsu Shigyo Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Nozaki Insatsu Shigyo Co ROIC % Related Terms

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Nozaki Insatsu Shigyo Co Business Description

Traded in Other Exchanges
N/A
Address
54-5 Shimofusacho, Kyoto, JPN
Nozaki Insatsu Shigyo Co Ltd is a comprehensive printing company. The company operates through its four business divisions. The Commercial Printing division is involved in the manufacture and sale of calendars, catalogues, pamphlets, direct mail, posters and fine art print. The Packaging Materials and Paper Products division is engaged in the manufacture and sale of packaging paper, paper containers, paper bags and business forms. The Information Equipment and Supplies division is engaged in the manufacture of barcode printers, full-colour card printers, tags, labels and seals. The Others division is engaged in the manufacture and sale of plastic bags and carry bags, among others.

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